PETALING JAYA: RAM Ratings has assigned AA1(s)/Stable and AA1/Stable ratings, respectively, for two of UEM Group Bhd’s Islamic Medium-Term Notes (IMTN) programmes.
The IMTN includes RM7bil sustainable and responsible investment sukuk programme that will be issued by UEM Group’s special-purpose vehicle, UEM Olive Capital Bhd, and RM2.2bil IMTN programme (2012/2042) by United Growth Bhd, which was upgraded from AA2/Stable previously.
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